With the 2025 tax reform proposals, Japan is set to introduce both the Undertaxed Profits Rule (UTPR) and the Qualified Domestic Minimum Top-Up Tax (QDMTT), building on the existing Income Inclusion Rule (IIR) to align with the OECD’s Pillar Two global minimum tax framework.

In this episode of The Japan Perspective, Brian Douglas and Yu Inagaki break down the key implications of the UTPR and QDMTT and discuss how multinational companies operating in Japan can prepare for these new rules and filing requirements.

The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

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